Galaxy exec Zac Prince lends again while his BlockFi victims await payouts
Zac Prince is promoting crypto loans again as BlockFi class members await payouts and Galaxy has only partially disgorged its LUNA proceeds.
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Zac Prince blew up BlockFi, now wants your deposits at Galaxy One
While leading BlockFi, Zac Prince advertised rates on Circle’s USD stablecoin of 7.5%. Now at Galaxy One, he's advertising 8% APY on USD.
BlockFi’s Zac Prince has returned to work in crypto
Mike Novogratz’s crypto conglomerate Galaxy Digital has hired ex-BlockFi founder Zac Prince as a managing director.
FTX and BlockFi bankruptcies spook Visa and Mastercard
The downfalls of major firms like FTX and BlockFi have led Visa and Mastercard to postpone a number of crypto-related products and services.
Unredacted document shows $1.2B in BlockFi assets linked to SBF
Financials published by mistake showed that BlockFi has over $1.2B tied to FTX and Alameda — way more than the $1.02B previously claimed.
BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide
Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn't called in that debt.
BlockFi faces heavy losses from its loan to Core Scientific
Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
BlockFi severs ties with GBTC, its most profitable asset ever
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.
Hedge funds are the real winners of the crypto market crash
Hedge funds using automated "quantitative" strategies are outperforming, converting the crypto market crash into big profits.
Better call Sam: FTX bails out BlockFi and Voyager despite years of losses
An FTX bailout of $750 million will keep two crypto lenders solvent: $250 million for BlockFi and $500 million for Voyager.